The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1887-06-29
New York Stock Market Fevsrish and Un-
settled Throughout the Day.
The Close Being Fairly Active Ind Weak,
With. Almost Everything Lever.
Railroad Bond Market Dull, Prices Being II
regular, With Narrow Fluctuations.
Local Wheat and Corn Markets Active
aud Firm-Oats steady-Rye Nom
inaI-Hay Quiet.

NEW YORK, June 27-Monev on call
stringent, ranging from per cent. to = per
cent. and interest per diem; closed at 6 per
ent. bid.
Prime Mercantile Paper--596 per cent.
Sterling Exchange-Dull and weaker at 1921
for sixty day bills and 1881 for demand.
The total sales Of stocks to-day were 35S,SSi
hares, including the following: Delaware,
Laekawanna and Western, 81 $50; Erie, s,945
Lake Shore, 1850; Louisville and Nashville
$3.50; Northwestern, :, $40; New Jersey Central,
400; Norther Pacific 3,s25; Pacific Mail, p $50;
Reading, $3.50; st. Paul. $3.50; st. Paul and
Omaha, $3.50: Texas Pacific, 1877; Union Pacific,
7,11o; Western Union, 27,O15.
The liquidation In the stock market made
further progress to-day. and, although the ag-
gregate transactions were only moderate in
amount, the prices of some OF the leading shares
we're materially depressed. The traders, as
usual OF late were active in bringing about
over range Of quotations, and as q result the
market was feverish and unsettled throughout
the day. There was very little support given to
prices and London appeared as a seller. The
money market was also an influential factor in
the decline rates being bid up to q per cent. a
day and interest. "a further decline in sterling
exchange rates had no apparent influence upon
prices, although the announcement OF the with
drawal of 100000 for shipment to this country
created better feeling for short time. The
principal decline was in Pacific Mail, which was
depressed upon stories to the effect that the
Panama Canal would be failure London sold
Louisville and Nashville. A new explanation
of the drop In Manhattan appeared to-day, the
story being that pool of 100000 shares had
been made up TO peg the stock at 15S. and this
being dissolved by mutual consent the stock
dropped to its natural level. It opened to-day
at $50. and after an advance to 1873 dropped to
l27, but closed at the opening prices.
The opening was weak st declines extending
to "a per cent. Further material reductions were
made in early trading, on which large bust
ness was done Pacific Mail and Omaha were
prominently weak. These were joined later by
Union Pacific, and by noon many stocks had
reached the lowest figures of the day. After
that time the market was quieter and slight re-
cOveries took place, but Louisville ana Nash
vile became very weak, and in the last hour
everything gave way once more, the closing be-
ing fairly active ana week with the more sctive
stocks at their lowest figures. Almost every
thing is lower and Pacific Mail declined 81,
Reading 25z. Missouri Pacific ~, Louisville
and Nashville 2]s, New England rs, Colorado
Coal and Omaha III each, Lsckawanna IL, St.
Paul 49, Wheeling and Lake Erie l7z, Texas Pa
cife and Jersey Central IL each.
The railroad bond market was unusually
dull, the transactions sggregating only $685., 0O0
There was abs1 u ely no feature of importance
and prices were Irregular throughout with
fluctuations narrow.
Government bonds were dull and stea iy.
State bonds were dull and steady.